Morgan Stanley Lowers Lightspeed Commerce (NYSE:LSPD) Price Target to $11.50

Lightspeed Commerce (NYSE:LSPD) had its price target reduced by equities researchers at Morgan Stanley from $13.50 to $11.50 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 33.64% from the company’s previous close.

Other research analysts have also issued research reports about the company. Benchmark lowered their price target on Lightspeed Commerce from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Tuesday, April 21st. Bank of America initiated coverage on Lightspeed Commerce in a research report on Tuesday. They issued an “underperform” rating and a $10.00 target price for the company. Barclays decreased their target price on Lightspeed Commerce from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada lowered their price objective on Lightspeed Commerce from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.41.

Lightspeed Commerce Trading Up 2.8%

LSPD traded up $0.24 during midday trading on Friday, reaching $8.61. 647,274 shares of the company’s stock traded hands, compared to its average volume of 951,561. The firm has a fifty day moving average of $9.07 and a two-hundred day moving average of $10.37. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -1.86, a P/E/G ratio of 1.97 and a beta of 1.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 4.44. Lightspeed Commerce has a 52 week low of $7.83 and a 52 week high of $14.34.

Lightspeed Commerce (NYSE:LSPD) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $290.80 million for the quarter, compared to the consensus estimate of $282.87 million. Lightspeed Commerce had a negative net margin of 58.15% and a positive return on equity of 0.37%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Lightspeed Commerce will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after buying an additional 1,295,469 shares in the last quarter. Geode Capital Management LLC increased its position in Lightspeed Commerce by 8.1% during the 2nd quarter. Geode Capital Management LLC now owns 78,301 shares of the company’s stock valued at $922,000 after buying an additional 5,834 shares in the last quarter. Russell Investments Group Ltd. increased its position in Lightspeed Commerce by 106.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,386 shares of the company’s stock valued at $122,000 after buying an additional 5,354 shares in the last quarter. Norges Bank bought a new position in Lightspeed Commerce during the 2nd quarter valued at approximately $743,000. Finally, Invesco Ltd. increased its position in Lightspeed Commerce by 2.9% during the 2nd quarter. Invesco Ltd. now owns 29,567 shares of the company’s stock valued at $346,000 after buying an additional 835 shares in the last quarter. Institutional investors own 68.68% of the company’s stock.

Trending Headlines about Lightspeed Commerce

Here are the key news stories impacting Lightspeed Commerce this week:

• Positive Sentiment: Benchmark Co. and BTIG both kept buy ratings on Lightspeed Commerce while lowering price targets to $16 and $12, respectively, signaling analysts still see meaningful upside from current levels. Benzinga price target update
• Positive Sentiment: Lightspeed reported revenue of $290.8 million, up 14.8% year over year and above consensus, with gross profit rising 15.4% to $129.1 million. Lightspeed earnings release
• Positive Sentiment: The company said it generated $55.5 million of operating cash flow and $18.2 million of adjusted free cash flow for the full year, and it authorized a renewed share repurchase program of up to about 10% of the public float. Lightspeed earnings release
• Neutral Sentiment: Management guided first-quarter FY2027 revenue to $305 million-$315 million and full-year FY2027 revenue to $1.2 billion-$1.3 billion, which was generally in line with Wall Street expectations. Lightspeed earnings release
• Negative Sentiment: Lightspeed missed earnings expectations, posting EPS of $0.08 versus estimates around $0.09-$0.10, and reported a net loss of $28.6 million, keeping pressure on the stock. MSN earnings report
• Negative Sentiment: The guidance and earnings miss triggered follow-on reports that Lightspeed shares slid after the quarter, as investors weighed strong sales growth against still-wide losses and a lack of EPS progress. Seeking Alpha stock slide report

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.